The High was made on April 11, 2013. First leg down had 5 steps- one down , two up, 3 down on April 15, four up and finally 5 down on 18th April for RUT, IWM, SPX. NASDAQ, DJ Transportation and TNA.The High of TZA was made on April 15 and later on April 18 as it is reverse of the market.
DJIA completed its 5th down on morning of April 19th.
The rally can continue for two to 5 more days with minor declines in between. This rally can cover, 50% or 67% or 75% or for some indices and stocks 100% of the decline from April 11 to April 18 or April 19, 2013.
Traders can buy TNA and sell it in the next 3 to 5 days. It will not make a new HIGH.
TZA will go down with the market and you will get the opportunity to buy it back in the next 2 to 5 days.
DJIA completed its 5th down on morning of April 19th.
The rally can continue for two to 5 more days with minor declines in between. This rally can cover, 50% or 67% or 75% or for some indices and stocks 100% of the decline from April 11 to April 18 or April 19, 2013.
Traders can buy TNA and sell it in the next 3 to 5 days. It will not make a new HIGH.
TZA will go down with the market and you will get the opportunity to buy it back in the next 2 to 5 days.
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